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FOX News
Jul 23, 2010 9:00am EDT
they handed out huge bonuses and with citigroup being the biggest offenders since they haven't paid the u.s. taxpayer back, but the pay master may be leaving out one big important piece of information, that according to fox business network's stuart varney. everybody gets very riled up about this. there's a lot to understand here, though, and i know you want to lay out some of that for us. >> number one, the pay czar, he cannot claw back the money. he can ask for it back. does not have the legal authority to take it back. point number two, 11 of the 17 banks which paid these bonuses actually repaid all of the bailout money in full with interest and with profit to the taxpayer. he did not call them obscene or huge bonuses, he called them ill advised and unmerited, and some of these bonuses may have had to have been paid because of the contractual obligations to the executives involved. number ', you're right, citi may well have been the biggest offender because of one big particular earning trader. number four, are we absolutely sure that this is not a political attack on the banking industr
FOX News
Jul 8, 2010 9:00am EDT
you say? the u.s. national debt now at unsustainable levels. even the cbo says that. one democrat is suggesting a brand new plan. it's a new transaction tax that would impose a 1 percent fee on every single solitary financial transaction except for stocks. so whether you buy a couple of coffee or a brand new car, you're going to pay a little extra to the u.s. government, and even taking your own money out of your own bank account at an atm could cost you, that's right, 1 percent more under this new law. martha: this may sound strikingly similar to the vat tax used in england and other countries and it cost them a lot of money. is that what's coming here? stuart varney joins us, he's the anchor of varney & company on the fox business network. stuart, welcome, good to have you here. this idea was launched by a democratic congressman from pennsylvania and written about by lanny davis in an editorial. lanny davis worked wither skin bowles in the clinton administration. it raises the question are we starting to get the form from this debt commission, are they starting to float out ther
FOX News
Jul 20, 2010 9:00am EDT
it keeps money flowing into the u.s. economy. why would they want to add to the debt when they still have lots of money that still hasn't been earmarked for anything? >> i can't answer that directly but i can say that speaker pelosi -- speaker pelosi, president obama and senator reid thinks spend more money, that's the best way to create jobs, spend more money, extend jobless benefits, they say that's a way of creating jobs. many economists say that's not correct. we're getting earnings reports from the financial companies, the economy, the recovery, has stalled, that you can say for sure. secondly, this extension of unemployment benefits will definitely add to the overall decifit. $34 billion. because we've got to borrow this money. if you look at the debt clock, that means that by the end of this day or by early tomorrow morning, top left, there you go, we've crossed $13.2 trillion. we'll be at 13.22 by the end of tomorrow or early into thursday morning. we're adding to the decifit. you can definitely say that. martha: i mentioned, we all remember not too long ago, they passed pay go wh
FOX News
Jul 27, 2010 9:00am EDT
for the worst disaster in u.s. oil history, posting a record $17 billion loss, in only three months' time. wow, that is not easy to do. now it will sell some assets to cover cost and obligations in the gulf which are plenty. stuart varney, stuart, good morning to you, what are they going to sell? >> they're going to sell smaller, older oil fields to the value of $30 billion. that's how much money they're going to need to bring in to stop paying for the cleanup. so bp the company is the obvious financial loser at first glance. look deeper, the u.k. government is also a big loser, it will take in about $10 billion less in tax from bp over the next four years. shareholders, they're also losers here, there are going to be no dividend payments at leastum next year. now, tony hayward, you could obviously say he's a loser in the sense he's lost his job and certainly his reputation but he leaves financially in tact. he will take with him to russia is a job, a -- 1 million pounds, $1.6 million in salary, his pension fund of roughly 17, $18 million will be available to him in full in two years, when he
FOX News
Jul 26, 2010 9:00am EDT
responding to claims that the report will put the lives of u.s. troops at risk. >> i think it's too early to say yet. it's clear that it will shave an understanding of what the past six years of war last been like, and that the costs of the what are needs to change, the manner in which it needs to change is not yet clear. bill: we are digging keeper on that today. it's a major headline. i'm bill hemmer. martha has vacation. >> reporter: i'm in for her. the move is sparking anger from the pentagon to the white house. gym jones is calling it irresponsible sphao fox news has not confirmed the ahh then advertise a see of the reports but they are sending ripples throughout washington. some of the most damaging aspects of the leaked documents are what, mike. >> reporter: bill, juliet good morning. the most damaging aspect is pointing the finger at pakistan over its roll helping the taliban. the isi is accused of aiding and in some cases funding the inch insurgency against u.s. troops in afghanistan. in the 91,000 documents covering january 2004 to december 2009 is some revolutions about perhaps
FOX News
Jul 12, 2010 9:00am EDT
, it will definitely destroy this country from within. bill: so we know the u.s. now struggling to keep its head above financial waters. leaning on countries like china to buy our debt. stuart varney is anchor of varney & company on the fox business network. good morning. whenner skin bowles -- when erskine bowles says that, what does it tell new. >> it's onnous for the future. mr. bowles is saying come on, you can't go on like this but number two, he's vee -- revealed two new possibilities which are on the table as far as the commission is concerned, those two possibilities are, number one, limiting the mortgage interest deduction. that's huge. that is a mainstay of middle america, and the deduction which they get for the interest they pay on their mortgage. maybe that could be limited as a way of raising more revenue for the government. number two, possibly means testing medicare. in other words, you don't get it if you make too much money or you work too -- or you're worth too much money. those are two bomb shells, ominous bomb shells placed on the table over the weekend as to what we should or cou
FOX News
Jul 21, 2010 9:00am EDT
. bill: we are digging deeper, one of the top secret u.s. intelligence community, "the washington post" focusing on the intelligence business that's hidden in suburbs across america. this is a 3-part series. it has gotten so much attention. today's point is about the impact we've never seen. chris stierwalt, good morning to you. we had guests breathing fire on this story on day one, on monday. it seems to have ebbed since it is day three of the series. what's new today? >> what's new today, i guess you'd say more of the same but what the post is going to, these great lengths, and i mean lengths, to talk about is how big and complex america's sort of intelligence system is, where you're talking about the hundreds of thousands of people with top security clearance, or top secret clearance, you're talking about nestled in strip malls across the country contractors who are doing the work of filtering through the intelligence that's designed to seep us safe. bill: if there was a timing in the question, general clapper is director of national intelligence, some hearings set to begin this wee
FOX News
Jul 29, 2010 9:00am EDT
rangel was a prosecutor for one year, give him credit for that, an assistant u.s. attorney himself, but let's not get started thoon point. it's possible but i don't think you're going to see criminal charges. i think what you're going to see is either a, he resolves this and survives or b, he doesn't resolve it and it goes badly. i don't see him, if everybody follows me, not resolving it and having it go well, because over your point that it's serious. bill: thank you doug for coming in today. former prosecutor from new york. also, e-mail me, follow me on twitter, you got a question, one line, that's all we need. keep it simple. arthel: you better watch out bill, there's something bad lurking in the waters off the coast of massachusetts. sharks, sighted off the coast of cape cod, a very popular spot for tourists and beach bums. >> i wouldn't go any deeper than like 10 feet personally, but with all the seals along there, you know they're going to eat them so why would you want to be near them. >> we want to know what's luring the sharks there. we're going to ask the experts in three
FOX News
Jul 13, 2010 9:00am EDT
. >>> a valuable clue is found, what it says about a new wave of al-qaeda terror that could have its sights on u.s. targets. >>> lawrence taylor playing defense like he's never had to before. what the football hall of famer can expect this morning when he goes before the judge. bill: right about 9:30 new york, top story, a mile beneath the surface of the gulf of mexico, bp now testing the valves in the new and tighter cap on the gushing wefplt that's why you see gushing oil still coming out of that pipe. it might be another 48 hours before we go if the latest attempt to plug the busted well works or not. >>> reports this morning that yank he's owner george steinbrenner is in the hospital after suffering a massive heart attack, steinbrenner listed in critical condition, just celebrating his 80th birthday on the fourth of july. opening bell on wall street, went down a moment a.98 points to the upside for the dow 30 so far based on better than expected reports on corporate earnings, so the companies are making more money. we'll see whether or not that translates to investor, whether or not that helps
FOX News
Jul 22, 2010 9:00am EDT
, by the way, set to take effect a week from today unless a judge intervenes, u.s. district judge susan bolton on screen will hear argument necessary that matter, the federal government saying that law signed by the governor january brewer -- jan brewer trafrels on federal law for immigration. that's here live. >>> another fox news alert now in the u.s. economy and this is not good, 464,000 americans filing new claims week. that's a jump from the previous week and the latest numbers out just a day after the fed reserve chairman ben bernanki offered a not so positive assessment of happening in our economy and what is expected. good morning, everybody, i'm bill hemmer, welcome to "america's newsroom". good morning, martha. martha: good to see you as always, i'm martha maccallum. as bill was saying, ben bernanke told congress yesterday the economy is, quote, uncertain and fragile. those are not exactly the words the market wants to hear. is uncertain and frag jill. he didn't really get nailed down on whether or not he believes we will fall back into a recession. a lot of double-dip talk. >> and w
FOX News
Jul 2, 2010 9:00am EDT
people are dead in a fierce gun battle miles away from the u.s. border down of nogales, arizona. at least six people were wounded. this area is a prime corridor for i wil illegals and drug sprg link. the victims were members of gangs and believed to be smuggling people across the border. this is just hours after the president's speech on immigration. we will have much more on the story as we get new details. bill: a federal judge allowing a foreign country to have a voice in a lawsuit challenging arizona's immigration law. granting the request by mechanics owe to file a legal brief. mechanics doe says it wants to defend the rights of its citizens. they say it will lead to ration profiling and effect tourism here in the u.s. it will take effect july 29th unless it's blocked by a court. martha: where would you expect to find the largest coil-skimming vessel in the world. word today it has just now pulled into the gulf area we're told it's more than three football fields long, ten stories high expected to take in 21 million gallons of oil per day. bobby jindal says the government is falling
FOX News
Jul 5, 2010 9:00am EDT
of the u.s.-mexico border. martha: you've got people on that border and now we hear from the attorney general, gregg abbott, saying that he thinks the president doesn't get it, you know, and clearly, the president has access to a lot of information, the administration keeps coming out and saying you know what, things actually are better than they've been in a long time, according to the numbers and statistics we look at but that's not what people seem to feel. >> paradoxically the tougher the border gets to cross the more dangerous it gets, particularly at the weak points of the border, like el paso. there is a reason why people are suspicious of president obama. when he was in the united states senate and comprehensive immigration reform was being discussed he consistently voted against measures to strengthen the border, for example, he voted against an amendment proposed by john cornyn from texas that said if you were a felon or member of one of these violent central american or mexican gangs you could not become a u.s. citizen or participate in the guest worker program. president o
FOX News
Jul 9, 2010 9:00am EDT
't this inevitably feed the impression that the president doesn't take u.s. security seriously? >> i think it will feed the impression that he takes the law seriously. i listened to your analysis on fox & friends with peterson johnson and he talked more than five minutes without mentioning the constitution of the united states. that's what this is about. the president and every single member of the federal government takes an oath to uphold the constitution of the united states and you and i both know that trumps any poll, so people need to respect the law and leave the polls aside for now. gregg: you and i are both lawyers, it would be bore tp-g we debated the legality of this thing. it will be decided by the courts. what i want to talk about is tony west. some will inevitably slap west with the label that he's antiamerican, right or wrong, for defending a terrorist that is trying to destroy america. do you really want this guy to be front and center on a controversial case like that? i mean, it just seems sort of unwise. there are a great many other very skilled lawyers who could do that
FOX News
Jul 30, 2010 9:00am EDT
their positions. arthel: it is heated. bill: breaking news on the economy, now, disappointing turn, the u.s. economy slowing growth in the second quarter, the weakest in about a year, gdp, gross domestic product, grew by 2.4%, not great, not terrible, but no one wants this to continue and stuart varney, fox business network, looking at the numbers now, i guess what it shows, is that the economy is in neutral. at best. >> yeah, that's a nice spin you're putting on it there, bill. i would say the economy weakening, clearing slowly. you're referring now to the second quarter of the year, that's the period between april and june, you've got anemic 2.4% growth on an annual basis, that's over that three-month period. that means the economy is slowing down, it's the weakest reading in almost a year, and better yet, bill t. means in the last six months, the growth rate of this economy -- economy has been more than cut in half. this sets up two great debates on the economy and politics: number one, do we get out there and spend more government money and stimulate more right now, number two, should
FOX News
Jul 7, 2010 9:00am EDT
in prison for allegedly leaking this classified videotape showing a u.s. attack on suspected terrorists in iraq. we're going to take a look at the charges he's facing, aiding and abetting, treason, espionage? we're going to find out why he may have done this. martha: the battle is very much on, the white house versus arizona. there is new reaction this morning on the administration's move to sue the state over their controversial immigration law. >> i think that this is a movement not only afor the in arizona but a movement throughout the united states of people wanting action from the federal government, and so we will probably see these types of bills being enacted in other states. we need the federal government to do their job, and if they don't do it, then arizona will. martha: all right. in an already hot summer, this may be the hottest issue of all this summer. we're going to talk to democratic lawmaker from arizona, we'll get her reaction to all of this, right after this break. stay with us. good stuff. [ male announcer ] thinking about your florida vacation and about what's happ
FOX News
Jul 6, 2010 9:00am EDT
the department, including christian adams, say there are politics at play. he is going to testify before the u.s. civil rights commission. he is the only witness. they are slated in three hours. he will be grilled about what he said publicly, what he knew in the justice department. he has made strong earnings, including that assistant attorney general tom perez lied to this same commission, martha. martha: what has been the response from the justice department on this, how are they defending this action of dropping this case which so many thought was fairly clear-cut? >> reporter: yeah, including mr. adams. that's how he represented it, he called it a slam dunk. what the department of justice said all along, the facts and the law didn't line up for the particular charges, and that they didn't feel like this was a case that should have been prosecuted -- prosecuted. here is the statement from tom perez, the assistant attorney general who is accused of lying, he said, quote, the position of the disposition of the case was ultimately by the career attorney acting as assistant attorney general for t
FOX News
Jul 15, 2010 9:00am EDT
with this bombshell admission considering another u.s. tragedy. remember these pictures? the energy giant is now confirming they lobie the british government for the prison transfer of convicted terrorists hundred dollars the pan am lockerbie bombing that killed 189 americans. remember this story in al magrahi received a welcome when he went it libba and that was -- to libya and that was disturbing to the family of the people who died inta crash. the transfer of this prisoner was justified by the doctor's report that al magrahi had only month toss live but it turned out he could actually live a lot longer than that, many people not sul that surprised by that -- not all that surprised tpwhaeu ascertain, bp saying they played for role in the discussions for al-magrahi's actual freedom but lobbied the government and trying to advance the business interests about the -- with the libyan government. the pan am crash killed all 270 people on board. bill: now developments now in the sizzling controversy whether or not the justice department is enforcing voting right laws on behalf of all americans. the
FOX News
Jul 1, 2010 9:00am EDT
. it talks about ethics, integrity and an officers duties to protect civil rights. martha: u.s. counterterrorism agents are now linking one of the most wanted terrorists in the world to the plot to blow up new york city subways. it was a plot that eric holder has called one of the most dangerous plots they have seen since september 11th. according to u.s. intelligence, there are indications that the confessed plotter who you see here had been communicating with a top operative. james carafano is here this mourn. good to have you this morning. how big a deal is this connection? >> reporter: if this turns out to be true if this is the story of the decade. this is the biggest deal since 9/11. they have myths -- missed a major plot. it demonstrates that al-qaida is not hiding, that these people are running all over pakistan, this is a big problem. and three al-qaida and we know that this guy was directly talking to the pal stanee taliban. al-qaida and the taliban are one. people who say we are not in pakistan to prevent a 9/11 are wropb. martha: i think everybody is familiar with t
FOX News
Jul 19, 2010 9:00am EDT
teenagers to identify the locations of u.s. intelligence facilities around the country, which certainly puts not only all of the intelligence communities' personnel at risk but if you read the article they describe facilities that are next to schools, next to walmarts, next to civilian facilities, that will surely be damaged and civilians killed if the intelligence community facilities are attacked. it's massively irresponsible. bill: you would argue that this intelligence should stay under thera i dar where it had been before, but does it tell you whether or not we're any safer or has this t* it -- has it just grown so large and so big there's no one body or one person watching what aefrpb else is doing? >> sir, i think that the story itself is old news. for anyone who wants to -- >> bill: old news? >> it's old news, sir. the intelligence community is bloated, it is far too big, far too cumbersome, and the reality is america is at war. it lost more men in afghanistan last month than any time in the last nine years. intelligence does not win wars. killing the enemy wins wars. and you can exp
FOX News
Jul 16, 2010 9:00am EDT
. details on the possible plot against another u.s. target on that day. bill: also, it is graham versus holder, the south carolina senator blasting attorney general eric holder for moving too slowly and trying the self-confessed mastermind of 9/11 khalid shaikh mohammed nine years since the attacks. why no prosecution? shar shar -- martha: we love shark stories and we told you about the sightings of the great white, 15 footer off the coast of cape cod. now another popular destination is dealing with folks who look like this. >> cue definitely tell it was a shark. you can see the tail, it was definitely lingering throughout the course of the day. martha: fox news alert for you on this attempted christmas day bombing we covered for you last christmas but fox is learning terrorists may have been planning another attack on that same day in new york city. in a report that's been obtained by the fbi, overseas intelligence indicates that a plot was in the works, targeting restaurants and nightclubs in new york city. even though the final target is not known, officials say that extremists were
FOX News
Jul 28, 2010 9:00am EDT
, log on to foxnews.com, the latest on the immigration law, and the call for the passage out of u.s. for the illegal, it's the number one clicked story on the website. log on, fox noos.com, click on the politics link from the home page, from there, you can read all about it. as they say, back over to patti an with more. patti ann: there is more on this story, they are loading up buses, more than 500 protestors from los angeles reportedly heading to phoenix to stage a protest against the law, and that demonstration is just one of many on the agenda. immigration activists declaring today a national day of access, some of the events taking place, a march across the brooklyn bridge, a vigil outside a detention center in georgia and unity event in chicago. bill: meantime, we'll go to arizona live, and also live to washington, republican senator jon kyl supports the law. he'll tell us what he expects to happen, what his constituents are saying and what he thinks about the possibility that the law could be blocked. patti ann: in other news, congressman charlie rangel reportedly feeling the
FOX News
Jul 14, 2010 9:00am EDT
worse in their view, latest bloomberg poll, 71 percent of u.s. voters say it feels like america is still stuck in that recession with no signs of growth, only 13 percent saying we're on solid ground. wow! good morning, everybody, i'm bill hemmer, welcome to america's news. i love that choice of red by the way. martha: thank you, good morning, bill hemmer. outstanding yourself. i'm martha maccallum. as americans point out, americans are getting impatient about how the government is handling the economy and should they slash spending to get things moving. bill: stuart, so much can be perception about how you feel about your own sense of worry, in this case, money, job, and the perception does not appear to be changing. >> look, i have never seen such concern about debt and the decifit in all the years that i've been covering the american economy. thirty-five years, never seen anything like this before. and it's because you're getting headlines like we're getting today. we have racked up a it would worth of decifit just in the last nine months. our debt situation is now worse than any other
Search Results 0 to 21 of about 22